About this time last year, a curious envelope from His Eminence, Cardinal Peter K.A. Turkson arrived at CCF’s office. Addressed to CCF President Anne Cullen Miller, the envelope contained a humbling invitation to attend the Third Vatican Conference on Impact Investing to take place in July of 2018. The conference convened brilliant minds from around the globe, all seeking innovative ways to…
Weeks of bitter cold, heavy snowfall, and canceled meetings didn’t keep 234 individuals from gathering for the Catholic Community Foundation’s (CCF) annual Investment Conference. The event, held on February 13, 2019, convened professional advisors, parish business administrators and trustees, and philanthropists to explore how CCF manages and invests donors’ and parishes’ assets with a Catholic heart.
A variety of speakers delivered updates on the foundation, our investments, and the economic outlook during the two-hour program. These included CCF’s own Anne Cullen Miller and Mike Ricci, Ascension Investment Management (AIM) chief investment officer David Erickson, and economic commentator Jim Paulsen.
On February 19, 2019, the Minnesota Catholic Conference gathered hundreds of Catholics at our state’s capitol to advocate for policies that uphold the values of our shared faith. This event is called Catholics at the Capitol, and the energy of the attendees was palpable as they prepared to discuss a wide variety of important topics with their state representatives. One legislative initiative that could have a tremendous impact on our faith community involves the impending transfer of wealth. Over the next 20 years, an estimated $47.9 billion in wealth will transfer from…
Amid worry that bad news about the Catholic Church and the clergy abuse scandal could impact Catholic giving, one financial expert just published a paper with a different story. Walter Dillingham, a Catholic, who is managing director of endowments and foundations at a New York firm that helps nonprofits manage their finances, has released a study that shows Catholic foundations have been growing — and multiplying — at near-record rates over the past two years…
Here at the Foundation, we understand that our work must build community. We seek to invite everyone in our faith community to this table of Catholic philanthropy, this table of plenty — philanthropists, leaders, grantees, and the most vulnerable.
It’s a privilege to share with you just how far our invitation to the table of plenty extends: from a small town where one person’s dream has created a valuable resource that’s empowering an entire community to a small school that welcomes low income and refugee families seeking a Catholic education for their children. It even extends beyond our lifetime, providing perpetual support for valuable missions and ministries through the power of endowment.
CCF is thrilled to have Sister Norma Pimentel, M.J., join our April 9 Giving Insights forum exploring the Catholic response to the influx of immigrants and refugees. Sister Norma will give a keynote address and take part in the panel discussion.
Our call to stewardship goes beyond generous giving of our time, treasure, and talent. The U.S. Bishops’ Pastoral Letter on Stewardship says, “as Christian stewards, we receive God’s gifts gratefully, cultivate them responsibly, share them lovingly in justice with others, and return them with increase to the Lord.”
To build and sustain a vibrant Catholic community, we aim to grant $50 million annually by 2028. It’s a big, beautiful vision that requires thoughtful growth.
To effectively drive toward our vision, we needed to increase the capacity of our staff. So in 2018, we prioritized filling open positions and building our team. We hired a total of five new staff members, three of whom filled brand new positions at CCF.
To accommodate these new staff members, we expanded our office space. With this expansion, we added four new workstations and created more meeting spaces for our team of 17.
With the April tax deadline fast approaching, Americans start to realize we maybe should have made additional charitable gifts in 2016 to receive a more robust tax deduction. The good news is, with a little planning, you can turn that realization into next year’s reality. It’s never too early to plan ways to maximize the impact of your charitable gifts and achieve a favorable tax outcome for 2017 at the same time.
With “bunching,” you make 2-3 years’ worth of charitable contributions in a single tax year. The goal is to exceed the standard deduction that year and itemize instead. Then, during the years you don’t give to charity, you take the standard deduction.